Economy Under Trump

[Benton]

(10-12-2017, 03:28 AM)TheLeonardLeap Wrote: Yeah, I am not sure Trump has been involved with anywhere close to the majority of the benefits the market has seen so far. That said, all we heard all last year on the campaign trail was how the economy would crash under Trump, the markets would never recover, he would doom us all, etc. Election night the markets even took a big drop because of all that talk when it looked like Trump might actually win.

I mean... I guess you shouldn't be expected to praise someone for not F'ing something up, lol. That said, it's been way way better than the second Great Depression people were talking about. So at least that absurd false hyperbole needs to be acknowledged.

Oh, I expect there to be a turn. Economists were predicting — regardless of who was elected — that we'd be hitting a downturn soon. It's just the ups and downs of the market. But Trump is a 'wide open throttle' guy on the economy, and that tends to lead to bigger peaks and lower valleys. So we will probably hit some recent highs as far as investing is concerned, but it will lead to some significant lows eventually. 

It's like the Carrier deal. Great for the company, great for the stockholders, but at the end of the day, it did little to nothing to improve the economy.